Entain (LON:ENT) Price Target Lowered to GBX 1,145 at Berenberg Bank

Entain (LON:ENT) had its price objective lowered by Berenberg Bank from GBX 1,200 to GBX 1,145 in a research report released on Friday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Shore Capital Group reiterated a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Monday, July 27th. Peel Hunt reiterated a “buy” rating and issued a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Friday, July 3rd. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 994.

Entain Stock Down 2.1%

Shares of LON ENT opened at GBX 538.80 on Friday. Entain has a 52 week low of GBX 500.40 and a 52 week high of GBX 1,031. The business has a 50-day simple moving average of GBX 557.79 and a two-hundred day simple moving average of GBX 576.70. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The company has a market cap of £3.45 billion, a P/E ratio of -5.17, a P/E/G ratio of 0.92 and a beta of 0.77.

Entain Company Profile

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.